UPDATE: Wedbush Downgrades AsiaInfo-Linkage to Neutral

According to Wedbush, AsiaInfo-Linkage ASIA is downgraded to Neutral. Wedbush said that it expects Q4 results and Q1 guidance will likely be inline with expectations. “As we believe recent appreciation from the CITIC offer has driven shares closer to fair value, we are downgrading to NEUTRAL and reducing our PT to $13. We reduce our PT based on lower EPS estimates.” AsiaInfo-Linkage closed yesterday at $11.85.